Brown Brothers Harriman & Co. Has $196,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Brown Brothers Harriman & Co. grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 17.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,121 shares of the transportation company’s stock after buying an additional 621 shares during the period. Brown Brothers Harriman & Co.’s holdings in Delta Air Lines were worth $196,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its holdings in Delta Air Lines by 36.1% during the second quarter. J.W. Cole Advisors Inc. now owns 16,731 shares of the transportation company’s stock worth $794,000 after acquiring an additional 4,438 shares in the last quarter. OV Management LLC lifted its holdings in shares of Delta Air Lines by 1.2% during the 2nd quarter. OV Management LLC now owns 37,129 shares of the transportation company’s stock valued at $1,761,000 after purchasing an additional 429 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Delta Air Lines by 48.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 385,549 shares of the transportation company’s stock valued at $18,290,000 after purchasing an additional 125,314 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Delta Air Lines by 33.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 36,518 shares of the transportation company’s stock worth $1,732,000 after purchasing an additional 9,164 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in Delta Air Lines by 5.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 44,081 shares of the transportation company’s stock worth $2,091,000 after buying an additional 2,100 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein lowered their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group cut their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, Citigroup increased their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $61.52.

Delta Air Lines Stock Performance

NYSE DAL opened at $46.93 on Thursday. The firm’s fifty day moving average price is $42.25 and its two-hundred day moving average price is $46.21. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The firm has a market capitalization of $30.28 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.68 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.